Mizuho analyst Dan Dolev raised the price target on EPAM Systems (NYSE: EPAM) to $200.00 (from $199.00) while maintaining a Outperform rating.

The analyst commented, "EPAM recently held its 2026 Investor Day in Boston where management discussed how it's leveraging its engineering expertise and talent to win in the rapidly growing AI Services market, EPAM's moat and right to win, and provided M-T growth and profitability outlooks. Our three main takeaways were 1) EPAM Continues to Invest Behind AI Services to Boost Growth, 2) EPAM's Moat Comes Down to its Engineering Talent + Scale, and 3) Healthy M-T Outlook With Accelerating Growth and Higher Profitability. Overall, we were encouraged by the investor day and continue to believe EPAM's underlying business momentum, particularly in AI, is underappreciated. We raise our 2027 adj. EPS estimate due to modestly higher profitability expectations. TP to $200 from $199 prior."